State Street Corp increased its position in shares of Weight Watchers International Inc (NYSE:WTW) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 541,951 shares of the company’s stock after buying an additional 42,554 shares during the period. State Street Corp owned 0.84% of Weight Watchers International worth $18,112,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in WTW. Russell Investments Group Ltd. increased its position in shares of Weight Watchers International by 8.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 69,259 shares of the company’s stock worth $2,315,000 after purchasing an additional 5,642 shares in the last quarter. Royal Bank of Canada grew its holdings in Weight Watchers International by 256.8% during the 2nd quarter. Royal Bank of Canada now owns 35,485 shares of the company’s stock worth $1,186,000 after acquiring an additional 25,539 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Weight Watchers International during the 2nd quarter worth about $22,572,000. Alliancebernstein L.P. grew its holdings in Weight Watchers International by 163.2% during the 2nd quarter. Alliancebernstein L.P. now owns 59,000 shares of the company’s stock worth $1,972,000 after acquiring an additional 36,580 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Weight Watchers International by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,382,121 shares of the company’s stock worth $79,611,000 after acquiring an additional 13,425 shares during the last quarter. Hedge funds and other institutional investors own 86.52% of the company’s stock.
Weight Watchers International Inc (WTW) traded down $0.35 during trading hours on Monday, hitting $42.80. 567,916 shares of the company traded hands, compared to its average volume of 1,565,537. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of -1.74. Weight Watchers International Inc has a twelve month low of $9.88 and a twelve month high of $54.47. The company has a market capitalization of $2,760.00, a PE ratio of 28.77, a PEG ratio of 1.83 and a beta of 2.95.
Weight Watchers International (NYSE:WTW) last announced its earnings results on Monday, November 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.14. The company had revenue of $323.70 million during the quarter, compared to analysts’ expectations of $319.40 million. Weight Watchers International had a net margin of 9.03% and a negative return on equity of 8.81%. Weight Watchers International’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. research analysts predict that Weight Watchers International Inc will post 1.57 EPS for the current year.
WTW has been the topic of several recent research reports. ValuEngine raised shares of Weight Watchers International from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Weight Watchers International from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research note on Tuesday, November 21st. Craig Hallum reissued a “buy” rating and set a $70.00 price objective (up previously from $50.00) on shares of Weight Watchers International in a research note on Tuesday, November 7th. Finally, BidaskClub upgraded shares of Weight Watchers International from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $35.55.
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Weight Watchers International Profile
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.
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